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The first return is free with no credit card required, which lets a firm run a real client trial balance through mapping and export before committing.
Learn moreLedger IQ
Turn a client trial balance into a tax-ready import in minutes.
Intermediate
What is Ledger IQ?
Ledger IQ is an accounting journal entries tool that turns a client trial balance into a tax-ready import in minutes. Ledger IQ maps client trial balances to tax lines and exports import-ready files for Lacerte, UltraTax CS, and Drake Tax.
Ledger IQ is trial balance and tax workpaper software built for CPA firms that prepare business returns. It takes a client trial balance exported as Excel or CSV (typically straight out of QuickBooks), lets you review AI-suggested mappings to tax lines, and produces an import-ready file for Intuit Lacerte, Thomson Reuters UltraTax CS, or Drake Tax. The pitch is narrow and practical: replace hours of manual re-keying and spreadsheet tabs with one workpaper where debits and credits are proven to tie at every stage. The workflow runs in three moves. Upload the spreadsheet and confirm the column mapping, then accept or dismiss suggested tax line assignments. Suggestions combine the firm's own mapping history, deterministic CPA rules, and AI classification, and nothing exports until a person has reviewed it. From there, adjust balances with AJEs and RJEs, record book-tax modifications as TJEs, and export. The Working Trial Balance shows unadjusted, adjusted, tax adjustment, tax balance, and tax line columns side by side, with a totals row confirming the tie-out. A journal entry register keeps numbered entries filterable by type, and each account is clickable in both directions. Beyond the export itself, Ledger IQ adds return tie-out and net income proof. After importing into the tax software, you key the as-filed figures against each tax line and the tool flags every line that disagrees, grouped by return area. Net income is derived at each column, with unclassified accounts reported rather than silently dropped. Year-over-year rollforward carries last season's mappings and prior balances forward for comparison. The intended audience is small to mid-size tax practices handling 1065, 1120, and 1120S returns, especially firms tired of rebuilding the same Excel workpaper each season. It competes less with full write-up suites than with manual spreadsheet mapping and the data entry step inside tax software. Anyone needing direct QuickBooks sync or bank feeds will not find it here, by design: upload is the only path in, which is also the security argument. CCH Axcess and ProSystem fx users have to wait.
How do you use Ledger IQ?
1Start a trial and open a client entity
Create your account from the portal and add the client entity you are preparing. Each entity is kept separate on a multi-company dashboard with auto-save.
2Upload the client trial balance
Drag in the Excel or CSV export from QuickBooks or another system, then confirm the column mapping before anything imports. Messy headers and accounting-style negatives are handled at this step.3Review AI-suggested tax line mappings
Work through the suggested mappings and accept or dismiss each one. Suggestions draw on your firm's mapping history, CPA rules, and AI classification, and none of them reach the export unreviewed.4Post adjusting entries and record TJEs
Add AJEs and RJEs to adjust balances on the Working Trial Balance, and use TJEs for book-tax items such as the meals disallowance. The journal entry register keeps each one numbered and filterable.5Export the import file and workpapers
Download the import-ready file for Lacerte, UltraTax CS, or Drake Tax, along with the adjusted trial balance and journal entries in Excel or PDF for the binder.6Run the return tie-out after import
Once the return is prepared, key the as-filed amounts against each tax line. Ledger IQ computes the differences and flags lines that do not agree so problems surface before filing.
Pros and cons
Pros
- Removes manual re-keying by exporting directly into Lacerte, UltraTax CS, and Drake TaxAI
- Every AI mapping suggestion requires explicit human acceptance before exportAI
- Working Trial Balance proves debits equal credits at each column, not just at the endAI
- Return tie-out flags lines where the as-filed figure disagrees with the workpaperAI
- AI classification sees only account names, never balances or client identityAI
Cons
- No direct QuickBooks integration or bank feeds, so every trial balance is a manual uploadAI
- CCH Axcess and ProSystem fx support is only on the roadmap, leaving those firms without an export pathAI
- AI mapping quality depends on the account naming in the source file, which varies by clientAI
- Unlimited plan covers returns through 2027 only, so long-term cost needs a renewal estimateAI
- No mobile apps; it is a browser-based tool aimed at desk work during tax seasonAI
How much does Ledger IQ cost?
Pricing
Two options: per-return pricing from $10 to $25 depending on volume, with purchased returns never expiring, or an unlimited plan at $1,200 covering every return the firm prepares through 2027. The first return is free without a credit card.
Learn moreSupport
Security and data handling questions can be sent in writing to privacy@ledgeriq.ai for IT or risk reviewers. No other support channels are described on the homepage.
Integrations
Export files are built for Intuit Lacerte, UltraTax CS, and Drake Tax. CCH Axcess and CCH ProSystem fx are listed as coming soon. There is no direct QuickBooks connection; spreadsheets are uploaded manually.
Features
Smart trial balance import with column confirmation, AI mapping suggestions reviewed by the preparer, AJE/RJE/TJE journal entry register, a Working Trial Balance that ties at every column, year-over-year rollforward, return tie-out and net income proof, multi-company dashboard for 1065, 1120, and 1120S returns, and exports to tax software plus Excel and PDF workpapers.
Frequently asked questions about Ledger IQ
How much does Ledger IQ cost?
Two options: per-return pricing from $10 to $25 depending on volume, with purchased returns never expiring, or an unlimited plan at $1,200 covering every return the firm prepares through 2027. The first return is free without a credit card.Does Ledger IQ offer a free trial?
The first return is free with no credit card required, which lets a firm run a real client trial balance through mapping and export before committing.How do you use Ledger IQ?
The walkthrough on this page covers 6 steps: 1. Start a trial and open a client entity 2. Upload the client trial balance 3. Review AI-suggested tax line mappings 4. Post adjusting entries and record TJEs 5. Export the import file and workpapers 6. Run the return tie-out after import.What platforms does Ledger IQ support?
Ledger IQ is available on Web App.What does Ledger IQ integrate with?
Export files are built for Intuit Lacerte, UltraTax CS, and Drake Tax. CCH Axcess and CCH ProSystem fx are listed as coming soon. There is no direct QuickBooks connection; spreadsheets are uploaded manually.What are the limitations of Ledger IQ?
No direct QuickBooks integration or bank feeds, so every trial balance is a manual upload. CCH Axcess and ProSystem fx support is only on the roadmap, leaving those firms without an export path. AI mapping quality depends on the account naming in the source file, which varies by client.
Status
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Added10/21/2026
Platforms
Web App
Pricing
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